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Vietnam’s manufacturing activity signals improvement in May

The Hanoitimes – The sector saw a softer contraction than in April as the Covid-19 pandemic was brought under control in Vietnam. The Vietnam Manufacturing Purchasing Managers’ Index™ (PMI) rose ten index points in May, posting 42.7 up from April’s record low of 32.7, signaling a much softer decline in business conditions than in the previous […]

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Vietnam: Winners, losers expected from EVFTA

As free trade agreements (FTAs), including the EU–Vietnam Free Trade Agreement (EVFTA) that is about to be ratified by the Vietnam National Assembly, tend to be asymmetric in nature, there will be both winners and losers once the EVFTA comes into force. According to Dr John Walsh, International Business Program manager at RMIT University Vietnam, […]

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Vietnam takes new tax step to stimulate car market

The Hanoitimes – The move would help support the development of local supporting industries, particularly the automobile manufacturing and assembling in the 2019 – 2023 period. The Vietnamese government has agreed to remove import tariffs for auto parts and accessories, which are currently cannot be manufactured domestically. The decision, set to take effect from July 10, […]

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